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REGISTERED NUMBER: 08916975 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Darmel Construction Limited

Darmel Construction Limited (Registered number: 08916975)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Darmel Construction Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr D S Parry
Mr K Trippier





REGISTERED OFFICE: 10 Spring Vale Street
Tottington
Bury
Lancashire
BL8 3LR





REGISTERED NUMBER: 08916975 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Darmel Construction Limited (Registered number: 08916975)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,390 5,880
Property, plant and equipment 5 360,161 337,109
365,551 342,989

CURRENT ASSETS
Inventories 6 4,500 200
Debtors 7 628,538 478,567
Cash at bank and in hand 10,498 -
643,536 478,767
CREDITORS
Amounts falling due within one year 8 256,795 294,217
NET CURRENT ASSETS 386,741 184,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,292

527,539

CREDITORS
Amounts falling due after more than
one year

9

(254,588

)

(260,194

)

PROVISIONS FOR LIABILITIES 10 (53,633 ) (63,311 )
NET ASSETS 444,071 204,034

Darmel Construction Limited (Registered number: 08916975)

Statement of Financial Position - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12 444,061 204,024
SHAREHOLDERS' FUNDS 444,071 204,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr D S Parry - Director


Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Darmel Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 9,800
AMORTISATION
At 1 March 2022 3,920
Amortisation for year 490
At 28 February 2023 4,410
NET BOOK VALUE
At 28 February 2023 5,390
At 28 February 2022 5,880

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 113,163 200,582 9,334
Additions - 6,000 190
Disposals - - -
At 28 February 2023 113,163 206,582 9,524
DEPRECIATION
At 1 March 2022 - 90,516 4,443
Charge for year - 13,980 744
Eliminated on disposal - - -
At 28 February 2023 - 104,496 5,187
NET BOOK VALUE
At 28 February 2023 113,163 102,086 4,337
At 28 February 2022 113,163 110,066 4,891

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 175,111 11,746 509,936
Additions 67,790 210 74,190
Disposals (22,770 ) - (22,770 )
At 28 February 2023 220,131 11,956 561,356
DEPRECIATION
At 1 March 2022 72,981 4,887 172,827
Charge for year 25,268 1,040 41,032
Eliminated on disposal (12,664 ) - (12,664 )
At 28 February 2023 85,585 5,927 201,195
NET BOOK VALUE
At 28 February 2023 134,546 6,029 360,161
At 28 February 2022 102,130 6,859 337,109

6. INVENTORIES
28.2.23 28.2.22
£    £   
Stocks 4,500 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Trade debtors 505,567 416,647
Amounts owed by associates 25,437 25,437
Other debtors 2,025 300
Directors' loan accounts 56,664 -
VAT 38,845 36,183
628,538 478,567

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 29,111
Trade creditors 258,468 241,188
Tax 34,529 10,053
Social security and other taxes (69,015 ) (10,137 )
Pension Fund 355 736
Directors' loan accounts 1,543 3,001
Accrued expenses 30,915 20,265
256,795 294,217

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
28.2.23 28.2.22
£    £   
CBILS Loan 170,000 200,000
Hire purchase contracts 84,588 60,194
254,588 260,194

10. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 53,633 63,311

Deferred
tax
£   
Balance at 1 March 2022 63,311
Provided during year (9,678 )
Balance at 28 February 2023 53,633

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10 Ordinary 1.00 10 10

12. RESERVES
Retained
earnings
£   

At 1 March 2022 204,024
Profit for the year 242,237
Dividends (2,200 )
At 28 February 2023 444,061